Exhibit 99.1

                    

GCI REPORTS FIRST QUARTER 2016 FINANCIAL RESULTS
Consolidated Revenue of $231 million
Adjusted EBITDA of $78 million

May 4, 2016, Anchorage, Alaska - General Communication, Inc. (“GCI”) (NASDAQ: GNCMA) announces its results for the first quarter of 2016.
Operating and Financial Highlights

Revenues in the first quarter were $231 million, flat compared with the same period in 2015, and down $10 million or four percent sequentially. Strong growth in Managed Broadband and Consumer data were offset by declines in wireless handset revenue and roaming and backhaul.

Adjusted EBITDA in the first quarter was $78 million, up $3 million or four percent when compared with the first quarter of 2015 and up $8 million or 11 percent over the fourth quarter of 2015. Growth in sequential Adjusted EBITDA in the face of declining revenues is a result of the following primary factors:
Revenues
•
$7.5 million of cash received from our new roaming agreements are deferred for revenue purposes but included in Adjusted EBITDA
•
$4 million seasonal decline in the sale of wireless handsets.

Adjusted EBITDA
•
$3 million in net data revenue growth
•
$2 million increase roaming and backhaul after including the $7.5 million adjustment
•
$1 million decline in SG&A costs

“I am pleased with our start to the year.” said Ron Duncan, GCI’s president and chief executive officer. “We have made great progress with the migration of acquired wireless subscribers onto our primary billing system, which is now over 70 percent complete. Our subscriber count is down less than one percent during the quarter, our best since the AWN transaction.  With long term agreements in place with our largest wireless roaming partners, we have better operating visibility that enables the Company to make commitments to invest in longer term projects.”

Subsequent to the quarter, we have reached an agreement to sell our urban wireless tower and rooftop sites to Vertical Bridge for approximately $90 million. The transaction is valued at approximately 20 times Tower Cash Flow. We expect the transaction to close in mid-2016.

Wireless



Wireless segment revenues were $51 million for the quarter, a 13 percent decline year-over-year and a 14 percent decline sequentially. The decline is driven primarily by our new long-term roaming arrangements.
Wireless segment Adjusted EBITDA was $40 million for the quarter, an increase of $3 million or seven percent over the first quarter of 2015 and up $1 million or four percent over the fourth quarter of 2015. Growth in Adjusted EBITDA was a result of gains in roaming and backhaul for the quarter associated with our new agreements (after adding back the cash adjustment) which eliminate most of the seasonality in this business.
The wireless segment detail is as follows:

($ millions)
1Q16
1Q15
4Q15
Wholesale Wireless
18
21
21
Roaming and Backhaul
20
24
26
USF Support
13
14
13
Total Wireless Revenue
51
59
60
Plus cash adjustment
8
0
0
Less COGS
(15)
(18)
(17)
Less SG&A and Other
(4)
(4)
(4)
Adjusted EBITDA
40
37
39

Wireline
Wireline segment revenues of $180 million for the first quarter were $8 million or five percent higher than the first quarter of 2015 and were $2 million or one percent less than the fourth quarter of 2015. Revenues year-over-year are primarily affected by growth in Managed Broadband, while the sequential comparison is affected by seasonal declines in the sale of wireless handsets.
Adjusted EBITDA for the quarter was $38 million, flat year-over-year and a 19 percent or $6 million increase sequentially. Growth sequentially is primarily a result of gains in high margin data revenues. We also received a benefit to our net wireless handset costs from the declines in handset sales while reduced SG&A expenses provided a further boost to Adjusted EBITDA.
Wireline - Consumer
Consumer revenues were $85 million for the quarter, flat year-over-year and down $4 million sequentially. Sequentially, revenue was driven lower primarily due to a seasonal $4 million decrease in equipment revenue and was accompanied by a $5 million reduction in equipment costs.



We have migrated over 61,000 acquired wireless subscribers off of the legacy billing platform over the last year. Total subscribers are down 12,600 or six percent year-over-year and are down one percent sequentially. Data subscribers are up 6,100 year-over-year and up 500 during the quarter.
We continue to expand our Gigabit red consumer data service throughout Alaska. The service, providing one gigabit consumer data speeds is now available to all of our Anchorage, Matanuska Valley, and most recently, Juneau subscribers. GCI plans to launch the Gigabit red service in Fairbanks later in 2016.
Wireline - Business Services
Business Services revenues of $52 million in the first quarter were down $1 million or three percent compared with the same period in 2015 and were flat sequentially. The decline year-over-year and the weakness sequentially have been driven by rate compression in the data market as well as downward pressure in the oil and gas sector.
Wireline - Managed Broadband
Revenues in Managed Broadband were $43 million for the quarter, up $9 million or 27 percent over the first quarter of 2015 and $3 million or seven percent over the prior quarter. We are continuing our significant investments in the TERRA network over the next two years to expand rural community coverage and ring the backbone network to increase availability.
SG&A

SG&A expenses were $88 million during the quarter, up $4 million or four percent from a year ago and down $1 million or one percent sequentially. Year-over-year growth is a result of additional network support spending as well as spending associated with our new billing system that was announced in the fourth quarter.

Other Events

GCI repurchased 0.6 million shares of its Class A common stock during the first quarter at a cost of $11 million, or $18.17 per share.
Capital expenditures for the quarter totaled $34 million.
2016 Guidance
GCI reiterates the following guidance for 2016:

•
Revenue is expected to be between $930 million and $980 million in 2016.
•
Adjusted EBITDA is expected to be between $295 million and $325 million.
•
Capital expenditures are expected to be approximately $210 million.




Use of Non-GAAP Measure

Adjusted EBITDA is presented herein and is a non-GAAP measure. See our attached financials for a reconciliation of this non-GAAP measure to the nearest GAAP measure.

Conference Call

The Company will hold a conference call to discuss the financial results on Thursday, May 5th, at 2:00 p.m. (Eastern). To access the call, call the conference operator between 1:45-2:00 p.m. (Eastern) at 844-850-0551 (International callers should dial +1-412-902-4197) and identify your call as “GCI”.
In addition to dial-up access, GCI will make available net conferencing. To access the call via net conference, log on to gci.com and follow the instructions.
A replay of the call will be available for 72-hours by dialing 877-344-7529, access code 10069357 (International callers should dial +1-412-317-0088).
Forward-Looking Statement Disclosure
The foregoing contains forward-looking statements regarding GCI’s expected results that are based on management’s expectations as well as on a number of assumptions concerning future events. Actual results might differ materially from those projected in the forward-looking statements due to uncertainties and other factors, many of which are outside GCI’s control. Additional information concerning factors that could cause actual results to differ materially from those in the forward-looking statements is contained in GCI’s cautionary statement sections of Forms 10-K and 10-Q filed with the Securities and Exchange Commission.
About GCI
GCI is the largest Alaska-based and operated, integrated telecommunications provider, offering wireless, voice, data, and video services statewide. Learn more about GCI at www.gci.com.
Contacts:
Investors: Kyle Jones, 907.868.7105; kjones@gci.com
Media: Heather Handyside, 907.868.6838, hhandyside@gci.com

# # #



GENERAL COMMUNICATION, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(Unaudited)
(Amounts in thousands)
 
 
 
 
March 31,
 
December 31,
ASSETS
2016
 
2015
Current assets:
 
 
 
Cash and cash equivalents
$
13,458

 
26,528

 
 
 
 
Receivables
223,898

 
208,384

Less allowance for doubtful receivables
2,629

 
3,630

Net receivables
221,269

 
204,754

 
 
 
 
Prepaid expenses
16,649

 
12,862

Inventories
10,435

 
11,322

Other current assets
213

 
3,129

Total current assets
262,024

 
258,595

 
 
 
 
Property and equipment
2,408,282

 
2,384,530

Less accumulated depreciation
1,327,534

 
1,290,149

Net property and equipment
1,080,748

 
1,094,381

 
 
 
 
Goodwill
239,263

 
239,263

Cable certificates
191,635

 
191,635

Wireless licenses
86,347

 
86,347

Other intangible assets, net of amortization
70,256

 
69,290

Other assets
30,645

 
27,429

Total other assets
618,146

 
613,964

Total assets
$
1,960,918

 
1,966,940

 
 
 
 



GENERAL COMMUNICATION, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(Unaudited)
(Continued)
(Amounts in thousands)
 
 
 
 
March 31,
 
December 31,
LIABILITIES AND STOCKHOLDERS’ EQUITY
2016
 
2015
Current liabilities:
 
 
 
  Current maturities of obligations under long-term debt and
capital leases
$
12,199

 
12,050

Accounts payable
45,694

 
63,014

Deferred revenue
35,289

 
34,128

Accrued payroll and payroll related obligations
28,240

 
31,337

Accrued interest (including $905 and $5,132 to a related party at March 31, 2016 and December 31, 2015, respectively)
22,686

 
13,655

Accrued liabilities
23,312

 
22,822

Subscriber deposits
1,193

 
1,242

Total current liabilities
168,613

 
178,248

 
 
 
 
Long-term debt, net (including $55,242 and $54,810 to a related party at March 31, 2016 and December 31, 2015, respectively)
1,334,652

 
1,329,396

Obligations under capital leases, excluding current maturities (including $1,809 and $1,824 due to a related party at March 31, 2016 and December 31, 2015, respectively)
57,375

 
59,651

Deferred income taxes
109,214

 
106,145

Long-term deferred revenue
101,355

 
93,427

Other liabilities (including $28,290 and $32,820 for derivative stock appreciation rights with a related party at March 31, 2016 and December 31, 2015, respectively)
78,587

 
80,812

Total liabilities
1,849,796

 
1,847,679

 
 
 
 
Commitments and contingencies
 
 
 
Stockholders’ equity:
 

 
 

Common stock (no par):
 

 
 

Class A. Authorized 100,000 shares; issued 35,459 and 35,593 shares at March 31, 2016 and December 31, 2015, respectively; outstanding 35,433 and 35,567 shares at March 31, 2016 and December 31, 2015, respectively
—

 
—

Class B. Authorized 10,000 shares; issued and outstanding 3,154 at March 31, 2016 and December 31, 2015; convertible on a share-per-share basis into Class A common stock
2,664

 
2,664

Less cost of 26 Class A common shares held in treasury at March 31, 2016 and December 31, 2015
(249
)
 
(249
)
Paid-in capital
7,504

 
6,631

Retained earnings
70,322

 
79,217

Total General Communication, Inc. stockholders' equity
80,241

 
88,263

Non-controlling interests
30,881

 
30,998

Total stockholders’ equity
111,122

 
119,261

Total liabilities and stockholders’ equity
$
1,960,918

 
1,966,940





GENERAL COMMUNICATION, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
 
 
 
 
 
Three Months Ended
 
March 31,
(Amounts in thousands, except per share amounts)
2016
 
2015
Revenues:
 
 
 
Non-related party
$
231,098

 
225,806

Related party
—

 
5,283

Total revenues
231,098

 
231,089

 
 
 
 
Cost of goods sold (exclusive of depreciation and amortization shown separately below):
 
 
 
Non-related party
76,291

 
73,887

Related party
—

 
881

Total cost of goods sold
76,291

 
74,768

 
 
 
 
Selling, general and administrative expenses:
 
 
 
Non-related party
87,646

 
83,388

Related party
—

 
540

Total selling, general and administrative expenses
87,646

 
83,928

 
 
 
 
Depreciation and amortization expense
47,142

 
45,235

Software impairment charge
—

 
26,417

Operating income
20,019

 
741

 
 
 
 
Other income (expense):
 
 
 
Interest expense (including amortization of deferred loan fees)
(19,171
)
 
(19,848
)
Related party interest expense
(1,831
)
 
(1,137
)
Derivative instrument unrealized income (loss) with related party
4,530

 
(2,120
)
Other
502

 
(3,147
)
Other expense, net
(15,970
)
 
(26,252
)
 
 
 
 
Income (loss) before income taxes
4,049

 
(25,511
)
Income tax (expense) benefit
(3,067
)
 
6,786

Net income (loss)
982

 
(18,725
)
 
 
 
 
Net income (loss) attributable to non-controlling interests
(117
)
 
544

Net income (loss) attributable to General Communication, Inc.
$
1,099

 
(19,269
)
 
 
 
 
Basic net income (loss) attributable to General Communication, Inc. common stockholders per Class A common share
$
0.03

 
(0.49
)
Basic net income (loss) attributable to General Communication, Inc. common stockholders per Class B common share
$
0.03

 
(0.49
)
Diluted net loss attributable to General Communication, Inc. common stockholders per Class A common share
$
(0.04
)
 
(0.49
)
Diluted net loss attributable to General Communication, Inc. common stockholders per Class B common share
$
(0.04
)
 
(0.49
)
Common shares used to calculate Class A basic EPS
33,696

 
36,217

Common shares used to calculate Class A diluted EPS
37,746

 
39,376





GENERAL COMMUNICATION, INC. AND SUBSIDIARIES
SUPPLEMENTAL SCHEDULES
(Unaudited)
(Amounts in thousands)
 
 
 
 
 
 
 
First Quarter 2016
 
First Quarter 2015
 
Wireless
Wireline
 
 
Wireless
Wireline
 
 
Segment
Segment
Total
 
Segment
Segment
Total
Revenues
 
 
 
 
 
 
 
  Wireless
$
51,462

16,798

68,260

 
59,204

18,204

77,408

  Data
—

106,971

106,971

 
—

96,446

96,446

  Video
—

33,409

33,409

 
—

33,639

33,639

  Voice
—

22,458

22,458

 
—

23,596

23,596

    Total
51,462

179,636

231,098

 
59,204

171,885

231,089

 
 
 
 
 
 
 
 
Cost of goods sold
15,032

61,259

76,291

 
17,531

57,237

74,768

 
 
 
 
 
 
 
 
    Contribution
36,430

118,377

154,807

 
41,673

114,648

156,321

 
 
 
 
 
 
 
 
Less SG&A
(4,011
)
(83,635
)
(87,646
)
 
(4,502
)
(79,426
)
(83,928
)
Plus cash received in excess of revenue recognized for long-term roaming arrangements
7,500

—

7,500

 
—

—

—

Plus share-based compensation
—

2,327

2,327

 
—

2,801

2,801

Plus accretion
145

247

392

 
216

234

450

Other
—

726

726

 
—

(341
)
(341
)
    Adjusted EBITDA
$
40,064

38,042

78,106

 
37,387

37,916

75,303




GENERAL COMMUNICATION, INC. AND SUBSIDIARIES
SUPPLEMENTAL SCHEDULES
(Unaudited)
(Amounts in thousands)
 
 
 
 
 
 
 
First Quarter 2016
 
Fourth Quarter 2015
 
Wireless
Wireline
 
 
Wireless
Wireline
 
 
Segment
Segment
Total
 
Segment
Segment
Total
Revenues
 
 
 
 
 
 
 
  Wireless
$
51,462

16,798

68,260

 
60,108

21,253

81,361

  Data
—

106,971

106,971

 
—

104,099

104,099

  Video
—

33,409

33,409

 
—

33,753

33,753

  Voice
—

22,458

22,458

 
—

22,131

22,131

    Total
51,462

179,636

231,098

 
60,108

181,236

241,344

 
 
 
 
 
 
 
 
Cost of goods sold
15,032

61,259

76,291

 
17,002

68,595

85,597

 
 
 
 
 
 
 
 
    Contribution
36,430

118,377

154,807

 
43,106

112,641

155,747

 
 
 
 
 
 
 
 
Less SG&A
(4,011
)
(83,635
)
(87,646
)
 
(4,488
)
(84,261
)
(88,749
)
Plus cash received in excess of revenue recognized for long-term roaming arrangements
7,500

—

7,500

 
—

—

—

Plus share-based compensation
—

2,327

2,327

 
—

2,828

2,828

Plus accretion
145

247

392

 
63

66

129

Other
—

726

726

 
—

566

566

    Adjusted EBITDA
$
40,064

38,042

78,106

 
38,681

31,840

70,521






General Communication, Inc.
 
 
 
 
Non-GAAP Financial Reconciliation Schedule
 
 
 
 
(Unaudited, Amounts in Thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended
 
 
March 31,
 
March 31,
 
December 31,
 
 
2016
 
2015
 
2015
Net income (loss)
 
$
982

 
(18,725
)
 
(8,879
)
Income tax expense (benefit)
 
3,067

 
(6,786
)
 
3,110

Income (loss) before income taxes
 
4,049

 
(25,511
)
 
(5,769
)
 
 
 
 
 
 
 
Other (income) expense:
 
 
 
 
 
 
Interest expense (including amortization of deferred loan fees)
 
19,171

 
19,848

 
19,073

Related party interest expense
 
1,831

 
1,137

 
1,842

Derivative instrument unrealized (income) loss with related party
 
(4,530
)
 
2,120

 
6,120

Other
 
(502
)
 
3,147

 
(472
)
Other expense, net
 
15,970

 
26,252

 
26,563

 
 
 
 
 
 
 
Operating income
 
20,019

 
741

 
20,794

Plus depreciation and amortization expense
 
47,142

 
45,235

 
46,204

Plus software impairment charge
 
—

 
26,417

 
—

Plus cash received in excess of revenue recognized for long-term roaming arrangements
 
7,500

 
—

 
—

Plus share-based compensation expense
 
2,327

 
2,801

 
2,828

Plus accretion expense
 
392

 
450

 
129

Other
 
726

 
(341
)
 
566

Adjusted EBITDA (Note 1)
 
$
78,106

 
75,303

 
70,521

 
 
 
 
 
 
 
Note:
 
 
 
 
 
 
(1) Earnings plus cash received in excess of revenue recognized for long-term fixed roaming arrangements and imputed interest on financed devices before:
•Net interest expense,
•Income taxes,
•Depreciation and amortization expense,
•Loss on extinguishment of debt,
•Software impairment charge,
•Derivative instrument unrealized income (loss),
•Share-based compensation expense,
•Accretion expense,
•Loss attributable to non-controlling interest resulting from NMTC transactions,
•Gains and impairment losses on equity and cost method investments, and
•Other non-cash adjustments.

Adjusted EBITDA is not presented as an alternative measure of net income, operating income or cash flow from operations, as determined in accordance with accounting principles generally accepted in the United States of America. GCI's management uses Adjusted EBITDA to evaluate the operating performance of its business, and as a measure of performance for incentive compensation purposes. GCI believes Adjusted EBITDA is useful to investors and other users of our financial information in understanding and evaluating operating performance as an analytical indicator of income generated to service debt and fund capital expenditures. In addition, multiples of current or projected Adjusted EBITDA are used to estimate current or prospective enterprise value. Adjusted EBITDA does not give effect to cash used for debt service requirements, and thus does not reflect funds available for investment or other discretionary uses. Adjusted EBITDA as presented herein may not be comparable to similarly titled measures reported by other companies.




GENERAL COMMUNICATION, INC. AND SUBSIDIARIES
WIRELINE SEGMENT SUPPLEMENTAL REVENUE SCHEDULES
(Unaudited)
(Amounts in thousands)
 
 
 
 
 
 
 
 
 
 
First Quarter 2016
 
First Quarter 2015
 
 
Business
Managed
 
 
 
Business
Managed
 
 
Consumer
Services
Broadband
Total
 
Consumer
Services
Broadband
Total
Revenues
 
 
 
 
 
 
 
 
 
  Wireless
$
14,538

2,260

—

16,798

 
16,410

1,794

—

18,204

  Data
34,960

34,881

37,130

106,971

 
31,272

36,298

28,876

96,446

  Video
28,347

5,062

—

33,409

 
29,225

4,414

—

33,639

  Voice
7,042

9,562

5,854

22,458

 
7,801

10,706

5,089

23,596

    Total
$
84,887

51,765

42,984

179,636

 
84,708

53,212

33,965

171,885

 
 
 
 
 
 
 
 
 
 
(Amounts in thousands)
 
 
 
 
 
 
 
 
 
 
First Quarter 2016
 
Fourth Quarter 2015
 
 
Business
Managed
 
 
 
Business
Managed
 
 
Consumer
Services
Broadband
Total
 
Consumer
Services
Broadband
Total
Revenues
 
 
 
 
 
 
 
 
 
  Wireless
$
14,538

2,260

—

16,798

 
19,233

2,020

—

21,253

  Data
34,960

34,881

37,130

106,971

 
34,442

35,012

34,645

104,099

  Video
28,347

5,062

—

33,409

 
28,445

5,308

—

33,753

  Voice
7,042

9,562

5,854

22,458

 
7,160

9,524

5,447

22,131

    Total
$
84,887

51,765

42,984

179,636

 
89,280

51,864

40,092

181,236

 
 
 
 
 
 
 
 
 
 





GENERAL COMMUNICATION, INC. AND SUBSIDIARIES
KEY PERFORMANCE INDICATORS
(Unaudited)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
March 31, 2016
 
March 31, 2016
 
 

 
as compared to
 
as compared to
 
 
March 31,
March 31,
December 31,
 
March 31,
December 31,
 
March 31,
December 31,
 
 
2016
2015
2015
 
2015
2015
 
2015
2015
Wireline Segment
 
 
 
 
 
 
 
 
 
Consumer
 
 
 
 
 
 
 
 
 
Data
 
 
 
 
 
 
 
 
 
 
Cable modem subscribers
127,800

121,700

127,300

 
6,100

500

 
5.0
 %
0.4
 %
Video
 
 
 
 
 
 
 
 
 
 
Basic subscribers
112,200

114,700

114,000

 
(2,500
)
(1,800
)
 
(2.2
)%
(1.6
)%
 
Digital programming tier subscribers
57,700

62,300

59,500

 
(4,600
)
(1,800
)
 
(7.4
)%
(3.0
)%
 
HD/DVR converter boxes
117,700

109,900

114,000

 
7,800

3,700

 
7.1
 %
3.2
 %
 
Homes passed
253,100

248,700

251,900

 
4,400

1,200

 
1.8
 %
0.5
 %
Voice
 
 
 
 
 
 
 
 
 
 
Local access lines in service
50,100

53,400

50,400

 
(3,300
)
(300
)
 
(6.2
)%
(0.6
)%
Business Services
 
 
 
 
 
 
 
 
 
Data
 
 
 
 
 
 
 
 
 
 
Cable modem subscribers
12,800

14,100

12,700

 
(1,300
)
100

 
(9.2
)%
0.8
 %
Voice
 
 
 
 
 
 
 
 
 
 
Local access lines in service
46,400

47,500

46,600

 
(1,100
)
(200
)
 
(2.3
)%
(0.4
)%
Consumer and Business Services Combined
Wireless
 
 
 
 
 
 
 
 
 
 
Consumer Lifeline lines in service
28,000

32,900

28,100

 
(4,900
)
(100
)
 
(14.9
)%
(0.4
)%
 
Consumer prepaid lines in service
23,900

24,500

23,800

 
(600
)
100

 
(2.4
)%
0.4
 %
 
Consumer postpaid lines in service
145,400

152,600

146,300

 
(7,200
)
(900
)
 
(4.7
)%
(0.6
)%
 
Business Services postpaid lines in service
28,700

28,600

29,600

 
100

(900
)
 
0.3
 %
(3.0
)%
 
Total wireless lines in service
226,000

238,600

227,800

 
(12,600
)
(1,800
)
 
-5.3
 %
-0.8
 %














GENERAL COMMUNICATION, INC. AND SUBSIDIARIES
KEY PERFORMANCE INDICATORS
(Unaudited)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
March 31, 2016
 
March 31, 2016
 
 
Three Months Ended
 
as compared to
 
as compared to
 
 
March 31,
March 31,
December 31,
 
March 31,
December 31,
 
March 31,
December 31,
 
 
2016
2015
2015
 
2015
2015
 
2015
2015
Wireline segment
 
 
 
 
 
 
 
 
 
Consumer
 
 
 
 
 
 
 
 
 
Video
 
 
 
 
 
 
 
 
 
 
Average monthly revenue per subscriber
$
83.53

$
84.37

$
83.10

 
$
(0.84
)
$
0.43

 
(1.0
)%
0.5
 %
 
 
 
 
 
 
 
 
 
 
 
Combined Consumer and Business Services
 
 
 
 
 
 
Data
 
 
 
 
 
 
 
 
 
 
Average monthly revenue per cable modem subscriber
$
87.81

$
83.93

$
87.31

 
$
3.88

$
0.50

 
4.6
 %
0.6
 %
 
 
 
 
 
 
 
 
 
 
 
Wireless
 
 
 
 
 
 
 
 
 
 
Average monthly revenue per subscriber
$
40.06

$
48.23

$
43.37

 
$
(8.17
)
$
(3.31
)
 
(16.9
)%
(7.6
)%